Government of Andhra Pradesh has recognized the need to support Industrial sectors
in wake of Covid – 19 and enable them to ReSTART their operations. In order to provide
the necessary support, Government has extended the following package across industrial
sectors.
1) Waiver of fixed /demand charges against contracted maximum demand
for MSME manufacturing and allied units for a period of 3 months from April 2020
to June 2020.
2) Working capital loans - To enable the Micro and Small Manufacturing
and allied Units for meeting the liquidity crisis, a loan of Rs.2.00 Lakhs to Rs.10.00
Lakhs will be provided to MSMEs @ 6% - 8% interest rate plus processing fee of 0.25
%.
3) Deferment of fixed /demand charges against contracted maximum
demand for Large and Mega Units for 3 months to all Large and Mega Industries without
interest or penal charges from April 2020 to June 2020.
4) Preferential Market access policy - All Government entities
shall procure at least 25% of their annual requirements of goods and services from
the eligible Micro and Small Enterprises.